Hugo’s Way vs Pacific Union

Hugo's Way vs PU Prime Comparison Table 2023
Hugo's Way	PU Prime
Review 1.5 Hugo's Way is #15 in our CFD broker rankings.	Review 4.2
Traders from US accepted	Traders from US not accepted See available CFD brokers
Hugo's Way is a true ECN brokerage, offering 160+ assets on the MT4 platform. Traders benefit from a low $10 minimum deposit requirement, 24/7 customer support and generous leverage up to 1:500. Hugo's Way is an unregulated broker based offshore in St. Vincent and the Grenadines.	Pacific Union Prime is an FSCA and offshore-regulated multi-asset broker offering competitive fees and direct market access on forex, commodities, stocks, bonds and indices. The broker supports the popular MetaTrader 4 and MetaTrader 5 platforms and a proprietary mobile app. Fees vary by account type with no commission and spreads from 1.9 pips on the Standard account and $7 commission per lot and spreads from 0.4 pips on the Prime account.
Bonus Offer
	$50 No Deposit Bonus
Promotions
	PU Prime: Claim A 50% Bonus Up To $10,000
Comment by Reviewer
"After exploring the platform myself, I think Hugo's Way is going to be best for new or experienced MT4 traders who are comfortable with Bitcoin deposits and withdrawals. That said, I am hesitant about the lack of robust regulatory oversight."	"PU Prime will appeal to traders seeking high leverage and low fees in a direct-to-market trading environment."
Pros
I was glad to see the MT4 platform with flexible desktop, web and mobile access, plus an unlimited demo account for those who want to practice strategies continuously Experienced traders will appreciate the generous leverage up to 1:500 with no trading restrictions on strategies I'm pleased with the low minimum deposit requirement of $10 (equivalent in BTC), which ideal for novice investors or those on a budget I'm a fan of the 24/7 live chat alongside an email address and FAQ help section to help new traders get started quickly	Industry-recognized MT4 and MT5 platforms and mobile apps Good range of assets with nearly 1000 instruments over six asset classes Competitive fees with the Prime account spreads starting at 0.4 with a $7 commission Safeguards clients with segregated funds and negative balance protection PU Social app with copy trading capabilities Demo account with virtual funds Swap-free Islamic account Multilingual customer service
Cons
I would urge traders to be cautious since Hugo's Way is an unregulated brand, registered offshore in the Seychelles I find the overall market offering is very uncompetitive compared to other brands, with only 160+ assets on offer There are also no additional trading tools such as VPS or copy trading for those looking to broaden their trading experience It's a shame that deposits can only be made via Bitcoin or credit/debit card with higher minimum deposit requirements for using card	No tier 1 regulatory oversight Relatively high $40 minimum withdrawal and handling fee for withdrawals under $100 Standard account spreads are mediocre
Instruments
Stocks, Futures, CFD, Forex, Crypto, Volatility Index	Forex, Commodities, Cryptocurrencies, Stocks, Indices
Demo Account
Yes	Yes
Minimum Deposit
$10	$50
Trading Platforms
MT4	MT4 MT5
Payment Methods
Bitcoin Payments Credit Card Mastercard Visa Wire Transfer	AstroPay Bitwallet Credit Card Debit Card FasaPay Mastercard UnionPay Visa Wire Transfer
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
	FSA (Financial Services Authority of Seychelles), FSCA (Financial Sector Conduct Authority), SVGFSA (Financial Services Authority St Vincent & The Grenadines)
Margin Trading
Yes	Yes
STP Account
Yes	Yes
ECN Account
Yes	Yes
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
Yes	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
No	No
Market Maker
No	No
P2P Trading
No	No
Spot Trading
No	No
Mobile Apps
iOS & Android	iOS & Android
Copy Trading
No	Yes
Copy Trading Platform
	PU Social enables clients to mirror the positions and strategies of expert traders. The app is available on iOS and Android devices and features a social investing network with thousands of traders.
Social Trading
No	Yes
Trade Signals
	None
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Islamic Account
No	Yes
Account Currencies
	USD EUR GBP CAD AUD NZD JPY HKD SGD
Stock Exchanges
Australian Securities Exchange Deutsche Boerse Euronext Japan Exchange Group New York Stock Exchange	Dow Jones New York Stock Exchange
Commodities
Gold Natural Gas	Cocoa Coffee Copper Corn Cotton Gold Natural Gas Oil Orange Juice Silver Soybeans Sugar Wheat
CFD Trading
My tests found 200+ CFDs across six asset classes such as forex, crypto and stocks with leverage up to 1:500. The broker has a low minimum deposit requirement of $10 so new and budget-conscious CFD traders can get started easily.	PU Prime offers CFD trading on hundreds of shares, as well as indices, commodities, bonds and cryptocurrencies. The leverage available varies by asset, and spreads also vary greatly between instruments and account types with the tightest near zero and the widest in the hundreds of pips. Stock, index, commodity and bond CFDs are traded on the leading MT4 platform.
Leverage
1:500	1:500
FTSE Spread
0.77	Not Available
GBPUSD Spread
1.2	From 0.5 pips
Oil Spread
0.87	From 1.6 pips
Stocks Spread
	Variable
Forex Trading
Hugo's Way offers a good selection of 50+ major, minor and crosses with leverage up to 1:500 on the MT4 terminal. I was glad to see micro lot (0.01) trading available, as well as hedging, scalping and news trading strategies.	PU Prime clients can trade 40+ forex pairs via the MT4 and MT5 platforms with dynamic leverage up to 1:500. Spreads start from near zero on Prime accounts, which also charge a $7 commission per lot, and a zero-commission Standard account with wider spreads is also available.
GBPUSD Spread
1.2	From 0.5 pips
EURUSD Spread
0.5	From 0.2 pips
EURGBP Spread
0.4	From 0.4 pips
Assets
55	800+
Cryptocurrency
I was impressed with the 35 crypto pairs on offer 24/7 on the MT4 terminal. Some of my favorites are available including BCH/BTC, ETH/BTC and BTC/USD with leverage up to 1:100. Traders also benefit from Bitcoin deposit options, though this might feel restricting for some.	Pacific Union offers leveraged cryptocurrency trading against the US Dollar. Spreads are tight and updated in real-time. Traders can analyze crypto markets using powerful trading software.
Spread
Variable	From 0.7 pips
Coins
BTC BCH BIT DASH DOGE EDO EOS ETH QTUM ETP IOTA USDT LTC NEO OMG ETC SAN TRX XMR IOST XRP ZEC	BTC BCH ETH LTC EOS XLM
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

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